Stock Market Today: Stocks Earn a Decent End to a Dreadful Week
by Kyle Woodley
Jun 17, 2022
2 minutes
A Friday rally still left the major indexes significantly lower over the past five days of trading.
There wasn't much good news to which to credit Friday's move. U.S. industrial production improved less than expected in May, up 0.2% versus estimates for 0.4%; manufacturing actually declined by 0.1%. Wells Fargo economists Tim Quinlan and Shannon Seery defend the release as "actually a decent report," however, noting that an upward revision to April's number (+1.4% from +1.1%) puts May's level of output
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